Kiwi/Dollar Weekly Technical Analysis Feb 11 – 15th
New Zealand Dollar Looking To Revisit Its All-Time High Against The Greenback
The New Zealand dollar versus the US dollar (NZD/USD) is currently at 0.7770. In simple terms, 0.7770 USD is equal to 1.00 NZD. In my technical perspective, from September of 2009 to 2010, the forex pair consolidated sideways and formed an inverted head and shoulders on an uptrend. A month after, it broke out from the said pattern until it reached a 2-year high of 0.7975.